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Where does American Federal Mortgage do business?

American Federal Mortgage is a direct lender based in Chester, NJ. The company was founded in 1987and offers mortgage refinancing to borrowers in 10 states across the USA.

What range of mortgage balances will American Federal Mortgage refinance?

Mortgage refianancing loans start at $40000 and go up to $3000000

What is the maximum loan term for a mortgage refinance via American Federal Mortgage?

The term of a mortgage refinance will determine the cost of your monthly payments. Longer terms will typically reduce your monthly payments but it will also increase the interest you pay. American Federal Mortgage offers mortgages refinancing with terms ranging from 15 to 30 years.

What is the estimated funding time for a mortgage refinance with American Federal Mortgage?

American Federal Mortgage will typically fund mortgage refinances within 30 and days of approval.

Does American Federal Mortgage charge a mortgage origination fee?

Yes, American Federal Mortgage may charge a loan origination fee.

Does American Federal Mortgage charge prepayment fees?

Yes, American Federal Mortgage charges additional fees to borrowers who pay off their home loans sooner than anticipated. Take this into consideration when choosing a lender because prepayment fees can reduce or even cancel the interest savings of repaying a loan early.

What mortgage programs does American Federal Mortgage offer?

American Federal Mortgage offers the following mortgage programs:

  • Conventional mortgages
  • FHA
  • VA

What property usage types does American Federal Mortgage allow?

Some mortgage lenders restrict the type of usage borrowers give mortgaged properties. American Federal Mortgage allows the following property usage types: 

  • Primary home
  • Secondary homes and vacation properties
  • Inestment properties and house flipping projects 

  • Loan Term (Years)
    15 - 30
  • Institution Type
    Direct Lender
  • Intended Use
    • Investment/House Flipping
    • Primary Home
    • Secondary Home
  • Funding Time Range (in days)
    Starting at 30
  • Loan Amount
    $40000 - $3000000
  • APR
    Starting at 3.19%
  • Terms
    3/1, 5/1, 7/1, 10/1, 15, 30 years
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